Salary Survey: Tech, Accounting to See Big Bumps

Paul Vigna and Dawn Fey of Robert Half discuss the outlook for salaries in 2015, and Chuck Jaffe tells you when your fund manager has lost it.

This transcript has been automatically generated and may not be 100% accurate.

... good morning welcome to MoneyBeat I am Paul beanie a ... U S stocks in New York rebounding pretty sharply ... you see the Dow they're up on certain thirty points ... at yesterday's big selloff and really a lot of the songs in the last few weeks ... today's big trader comes on the heels of this with a rally ... comes on the heels of the key ... monthly jobs report which we got a thirty September jobless rate ... It fell to five point nine eight two one from forty eight thousand jobs created ... what is that all new M one or most importantly what happened for wages that is really getting the interesting one ... get the adults are welcome below the headline numbers here to do that ... we are joined by gone days to his distant President Robert Half International ... and our adorable on the show ... and you guys this week email with your ... your much anticipated this is a annual report on student Thomas stated the economy to wages and I really want to start their ... business although the report this morning that I've given in the two percent year over year wage growth where it's been lately what do you guys seen and where do you think that trend is going ... in I C mention we put our salary guide October first which we do every year and that projects the wages for the upcoming year and we are anticipating a three point eight percent increase in salaries in twenty fifty ... with the biggest jump being in the technology sector and obviously highest demand there for about five point seven percent increase ... anyone see your photo we have been so that the sectors that are to see the biggest jumps ... back three point eight percent over that for everybody that's correct ... actually it is that the doubling in the growth rate are protected ... yet it's based on supply and demand the demand is increasing we've seen an all year obviously seven of the last eight months now seen over two hundred thousand jobs ... being added so I think that's a nice steady progression that we've seen this year that's going to ... drive that wage growth to ... come up with sirens sharper in Dallas which sectors are what areas are we seen the greatest week with an obviously tax rate and tax specifically around mobile applications and everybody I see walking around looking at the device is an app for everything ... he also data security as you might imagine them obviously very important people ... Big Data individuals to analyze the data that's out there mean those are screaming some of the bigger areas ... were were to see those increases being driven by demand for it ... and then what about outside the temple were is about the journalists and is doing great way to believe it is ready to look and sound at present but I didn't see that is helping to start on the disposal to chart their no mall locations ... data architect of the nation on a six figure salaries there in the mobile design aching get up to sixty years ... I'll outside of tech plays in what is growing little scale the nice part about what we're seeing in the market is there's good and everywhere a company small companies across industries ... and that creates the need really to around organizations and accounting and finance and administrative roles and creative roles ... to other sectors that we servers and Robert Half ... we are seeing increased demand ... in other words turn the jobs report this morning ... I it's th saw lives that will of the eight thirty am will leave you make of that what he would strengths and weaknesses to see that you know it was in line with what I thought I as an insert mention before the show offers his love of a surprise to me ... those numbers being revised up and the strength of what we're seeing now on September seventy at the last months he said ... I think is a really good sign ... so I think that again demanded being across all sectors across industries ... the size of companies ... to me means it's gonna be a sustainable growth that can be seen ... I don't think you're a much coming ... and appreciated ... when we come back yet Dow's up today was down yesterday were the trends mean ... chasing corrupt evil they'll be and talk about ... welcome back to Dallas surging this morning all the index's really are but a plunge yesterday ... that has been the story last couple weeks really you think about it you the Dow Jones Industrial Average there that are the ten year chart folks ... what does this all mean where are we going for me has been questioned ... J C corrective the battered ego babies are registered troubles and he is here ... help us make sense of the charts JC me that simulate on likewise bought were you I'm doing alright until alright so ... lot of movement in the indexes lot upside down inside a house right ... on when to show that ten year chore would you looking at we limited our when ECB ... it's important you are really defined We was an investor what your time frames are what you're doing what were your time horizon to make a bigger picture I think things look fine ... we're still in a bull market secular bull market making all-time highs all-time highs on about a white country awkwardly control the ... short-term von Weber here we have failed breakout in September ... I he when you see feel breakouts ... the week before like all be we can tell you what exactly does that mean that we didn't all time we are in doubt about an all-time way we loathe this mean for you got from me being an outside ... observer ... ah so that the Dow hits an all-time high ... incline a failed breakout win yet ... so I ... mean when when when markets are bumping up against resistance overhead supply dolls at your beautiful example back in and breaks out to new highs ... and feels very quickly who hangs out difficult debates Lincoln's bout that all that that's bad especially when momentum is rolling over on those new highs ... and doesn't confirm that that's exactly what we saw in the old saying is from failed moves come fast ones in the opposite direction hence the volatility you just mentioned took it for now all I think we can be bearish or neutral on over the short term and the big picture inside but were rebuffed and Lauren stocks what number and look to the Dow was down sharp yesterday ... to what number what level you looking at that would have you say ... ok this is more than just the usual volatility will remember the Dow is really has been a safe haven ... small caps are listed on them up over ten percent ... that's all about that that's cleared up so I think of the Dow all ... the cooking and sixteen six hundred ish ... there's do support their if we start breaking bad I was start getting a lot more worried about right now that's the that's the result was a three percent ... and you're right the Dow ... thirty blue-chip stocks on this is a payment of the Russell two thousand ... small caps much more volatile that the new far right there folks ... and you come to draw a line from that two thousand and nine lol ... to the right ... you can kind of see where the index's been he'll supported by the ... invisible line ... will have we seen the breakout weakness rebrand guy ... down the small caps are broken out uptrend from that and and and those ... are sort of mid caps ... and the MidCap four hundred and still have the micro cap so back to Paul because it's ... all it's your money manager you're putting money to work ... if you think the market or hire new ones speculate get you to make more money in the region the smaller cap names and coming out of that and high in the larger cap names ... bigger picture that's an issue that's problems ... I'm so will put this all together for a goddess altogether when it is all this take the markets ... in the short-term Ikenson negative I think that the that that the weakness that we're seeing in the microcaps small caps midcaps ... is being ... Deloitte Tax Orkut fighting back ... as the bit down the hill ... but underneath the surface is a problem ... it third-quarter stopper seventy percent of stocks in your stock Exchange were were down from ... the big problem sick over sixty percent the SB five hundred was down ... a bit of a lot of soul underneath the surface we're seeing weakness in trading in the short-term due to fading strength in stocks ... the bigger picture The proprietor ... of mature a short-term trader investor I would be very very very careful that I can see Axel good CNN thanks ... thanks for having when we come back the story of Bill Gross the tortured story what can you learn about your fund manager ... from Bill Gross's story about that that that ought to be ... one week after Bill Gross abruptly left Pimco Adha purportedly them firing him we're still trying to figure out exactly what happened exactly what it means ... that for you if you're not involved in Pimco's fund that Bill Gross fund ... the big question is what can I learn from this and MarketWatch's Chuck Jaffe is here ... as you always is ... futile education shot hell are you ... doing well thanks ... payout will review all got a shock to everybody up with this whole Bill Gross story ... well I think everybody were shocked to a point yet but the truth is there been a lot of stuff building and heard the rumors that something like this might happen ... I mean ... the the interesting thing is that of course he wanted going to Janice which just happen to start an unconstrained bond fund ... that really hadn't had any money go into that really wasn't doing anything with ... the just happen to be there for him to taken over so ... you know it's kind of interesting if you go back a new book and was the setting up funds back around many ... I just got alone would've given you an interesting list of ... possible winning places for children right ... now ... in the week at this at all the stuff started coming out below is really going on inside and go ... you're an investor you a fund manager ... how do you know what is lost ... well it's a great question because ... the truth is ... it really depends mostly on your time horizon in terms of when you bought into a manager ... that you'll get any great manager over time ... the problem that most investors have is that they didn't spot him when he was becoming great ... the only way to lose atop the peak and then the guy had some reversion to mean ... you one in the top that I can buy high and sell low ... if you bought into Bill Gross fifteen years ago the fact that his last couple of years of not been so great ... doesn't really bother you why because you've been in for fifteen years when you've gotten twenty percent better returns ... than pre much anybody else ... so you're going to cut him some slack ... so it's an interesting thing I think certain things are overblown people talking about how we are he wasn't Morningstar what I've seen Bill Gross beat a whole lot of times ... he's never given a good speech ... the guy is a terrible public speaker I use to run the Society of American Business editors and writers analogies that is balanced he won in because people want to come to see him ... but you know he's going to give a bad speech ... and so ... people were shocked by his speech biggest ever seen him before ... that still small ... the interesting thing is he's got a chance to redeem themselves ... I mean he's going to a tiny fund company with something to prove ... all of the city hasn't lost it ... the entrance to see what he can go ... and rooms at different points of ... how much and you put into personality and how much should you put into underperformance into numbers ... and Bill Gross obviously got a lot of leeway because he had a name ... well you get ... and so did Bill Miller nine so did John nap and a bunch of others and if you go back and look at history which I've done ... well there are signs when you start to see ... that the music Bill Miller he fell and never got up and Bill Gross yet he stumbled me can't quite tell ... so to me it's one of those things that when you see that ... their current woes are starting to diminish the shine on their long-term track records ... that's when you know you've got a real problem and for example Bill Miller ... in his last five and ten years he was basically dead last in its peer group ... and his once I was in a long-term at the top of my peer group ... was now why is he so ... he proved ... that Bill Gross ... jury's still out ... I really that that that the great as always thank you ... thanks for having me ... that is it for MoneyBeat Port a comeback at noon for lunch break with tiny Rivera out ... right here on WS J live I'm Paul vignette a great weekend ...